Transfin.

Emirates Denies Rumours That it will be Bidding for Air India

Emirates, which is the largest foreign operator in India  has brushed aside all rumours, which said that it will be bidding for Air India. 

 

AIR INDIA

Emirates brushes aside rumours that it will be bidding for Air India. 

Dubai-based airline Emirates, which is the largest foreign operator in India  has brushed aside all rumours, which said that it will be bidding for Air India. 

 

“We do not intend to acquire equity in Air India as we are currently focused on our own organic growth. We remain committed to support India’s vision for the tourism and aviation sectors”, Emirates said in a statement. 

 

Meanwhile, it is been speculated that an Indian carrier such as Vistara or SpiceJet will purchase Air India. Simple Flying

 

Govt open to easing Air India brand retention clause for new owner.

The bid document for Air India sale says the brand must be retained by the new owner, but as per this Business Standard report, the government is open to easing the clause if it were to come in the way of a good deal.

 

The government has, in fact, allowed bidders to merge the airline with their own, changing a norm from the last year’s failed sale process.

FIN.

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